The capital’s affluent and powerful frequently hobnob at the exclusive Delhi Golf Club where Pankaj Munjal, co-chairman and managing director of Hero Cycles, is a lifetime member. “I almost feel like I was brought up here,” he says of a passion for golf that has burned strong for years. He brings the same enthusiasm to this new role. Last May, Pankaj succeeded his father, O P Munjal, youngest of the four brothers who founded the company that has grown to become the world’s largest manufacturer of cycles. In less than a year as head of a company that’s now part of a much larger group, Pankaj Munjal has given a renewed, yuppier focus to the original cycle business.
The Power Of I 2012
Pedalling ahead
India’s largest bicycle manufacturer is reinventing itself to tap developed markets
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